Tower Gate Capital, an indirect, wholly owned subsidiary of MJ Hudson, has sold the group’s UK fund management business to special purpose acquisition vehicle Khepri.
The business being sold comprises of four companies: MJ Hudson Advisers; MJ Hudson Fund Management; MJ Hudson Consulting and MJ Hudson Fund Administration. Subject to Financial Conduct Authority approval, the M&A deal will see Khepri buy the four firms alongside certain client contracts being serviced by the fund management business. The special purpose vehicle is wholly owned by William Roxburgh and Michael Booth, directors within MJ Hudson's UK fund management arm. MJ Hudson CEO steps down following 'loss of trust' from auditor The duo will fund the acquisition via convertible...
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